Punjab Chemicals & Crop Protection Financial Statements

Punjab Chemicals & Crop Protection Nine Monthly Results

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Y/e 31 Mar Mar-2021 Mar-2020 Mar-2018 Mar-2017
Growth matrix (%)        
Revenue growth 23.40 11.40 (6) (2.50)
Op profit growth 125 1.97 179 (63)
EBIT growth 105 3.98 237 (71)
Net profit growth 357 (37) (186) (250)
Profitability ratios (%)        
OPM 14.10 7.72 8.44 2.84
EBIT margin 12.20 7.32 7.84 2.19
Net profit margin 7.24 1.96 3.48 (3.80)
RoCE 36.80 20.20 19.30 4.97
RoNW 10.10 3.13 6.48 (8.30)
RoA 5.48 1.35 2.14 (2.20)
Per share ratios ()        
EPS 40 8.77 14 --
Dividend per share 1.50 1.50 1.50 --
Cash EPS 27.90 (3.80) 2.64 (29)
Book value per share 118 79.70 60.50 47.60
Valuation ratios        
P/E 21.90 34.40 27.80 --
P/CEPS 31.40 (80) 147 (9.50)
P/B 7.43 3.78 6.43 5.87
EV/EBIDTA 11.80 8.35 11.20 17.80
Payout (%)        
Dividend payout -- -- 10.70 --
Tax payout (29) (51) (34) 3.80
Liquidity ratios        
Debtor days 34.30 29.90 39.10 48.50
Inventory days 50.50 51 48.60 42.30
Creditor days (66) (73) (91) (62)
Leverage ratios        
Interest coverage (6.10) (2.20) (2.20) (0.40)
Net debt / equity 0.51 0.97 1.50 2.54
Net debt / op. profit 0.77 2.22 2.67 9.95
Cost breakup ()        
Material costs (60) (59) (60) (53)
Employee costs (10) (13) (11) (22)
Other costs (16) (21) (21) (23)
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Y/e 31 Mar( In .Cr) Mar-2021 Mar-2020 Mar-2018 Mar-2017
Revenue 678 550 493 525
yoy growth (%) 23.40 11.40 (6) (2.50)
Raw materials (405) (325) (295) (276)
As % of sales 59.70 59.20 59.70 52.60
Employee costs (68) (69) (54) (115)
As % of sales 9.98 12.50 11 21.90
Other costs (110) (113) (103) (119)
As % of sales 16.20 20.60 20.80 22.70
Operating profit 95.50 42.40 41.60 14.90
OPM 14.10 7.72 8.44 2.84
Depreciation (15) (15) (14) (16)
Interest expense (13) (18) (18) (31)
Other income 1.83 13.10 11 12.60
Profit before tax 69 22.10 21 (19)
Taxes (20) (11) (7.10) (0.70)
Tax rate (29) (51) (34) 3.80
Minorities and other -- -- -- --
Adj. profit 49.10 10.80 13.90 (20)
Exceptional items -- -- 3.26 --
Net profit 49.10 10.80 17.20 (20)
yoy growth (%) 357 (37) (186) (250)
NPM 7.24 1.96 3.48 (3.80)
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Y/e 31 Mar ( In .Cr) Mar-2021 Mar-2020 Mar-2018 Mar-2017
Profit before tax 69 22.10 21 (19)
Depreciation (15) (15) (14) (16)
Tax paid (20) (11) (7.10) (0.70)
Working capital (29) 0.49 (86) (82)
Other operating items -- -- -- --
Operating cashflow 4.76 (4.10) (86) (118)
Capital expenditure (176) (223) (218) (194)
Free cash flow (172) (227) (304) (313)
Equity raised 44.30 25.10 0.58 19.20
Investments (5.50) (5.30) (2.80) 1.03
Debt financing/disposal (230) (191) (206) (129)
Dividends paid -- -- 1.84 --
Other items -- -- -- --
Net in cash (363) (399) (511) (421)
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Y/e 31 Mar ( In .Cr) Mar-2021 Mar-2020 Mar-2019 Mar-2018
Equity capital 12.30 12.30 12.30 12.30
Preference capital -- -- -- --
Reserves 132 85.50 78.60 61.90
Net worth 145 97.80 90.90 74.20
Minority interest
Debt 87.90 99.20 91.40 117
Deferred tax liabilities (net) 8.86 9.70 15.80 --
Total liabilities 241 207 198 191
Fixed assets 204 183 186 181
Intangible assets
Investments 1.28 1.18 1.27 1.43
Deferred tax asset (net) 5.80 11.20 16.20 6.15
Net working capital 15.40 6.80 (9.20) (3.10)
Inventories 101 86.50 81.60 67
Inventory Days 54.50 57.40 -- 49.60
Sundry debtors 79.90 47.70 62.60 42.30
Debtor days 43 31.70 -- 31.30
Other current assets 49.80 69.70 35.40 52.40
Sundry creditors (117) (93) (115) (110)
Creditor days 63.10 61.60 -- 81.10
Other current liabilities (98) (104) (74) (55)
Cash 14.40 4.85 3.60 5.72
Total assets 241 207 198 191
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Particulars ( Rupees In Crores.) Dec-2020 Dec-2019 Dec-2018 - -
Gross Sales 469 443 459 -- --
Excise Duty -- -- -- -- --
Net Sales 469 443 459 -- --
Other Operating Income -- -- -- -- --
Other Income 1.69 3.65 9.55 -- --
Total Income 470 446 468 -- --
Total Expenditure ** 396 409 420 -- --
PBIDT 73.90 36.90 48 -- --
Interest 11.40 13.10 13.20 -- --
PBDT 62.50 23.80 34.80 -- --
Depreciation 10.70 11.90 15 -- --
Minority Interest Before NP -- -- -- -- --
Tax 13.70 5.22 8.49 -- --
Deferred Tax (0.50) 0.61 -- -- --
Reported Profit After Tax 38.60 6.08 11.30 -- --
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 38.60 6.08 11.30 -- --
Extra-ordinary Items -- -- (4.80) -- --
Adjusted Profit After Extra-ordinary item 38.60 6.08 16.10 -- --
EPS (Unit Curr.) 31.50 4.96 9.25 -- --
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 12.30 12.30 12.30 -- --
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 15.80 8.34 10.50 -- --
PBDTM(%) 13.30 5.38 7.59 -- --
PATM(%) 8.23 1.37 2.47 -- --
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